Mergers & Acquisitions

  • January 24, 2020

    Skadden, Goulston Lead Deal Valuing Game Maker At $579M

    Online game developer Changyou.com Ltd. will be taken private by Chinese internet media company Sohu.com Ltd. in a deal that values the gaming group at $579 million, with the help of Skadden and Goulston & Storrs.

  • January 24, 2020

    Dish Spectrum Rival Seeks To Weigh In On Sprint Deal

    A telecom suing the government over preferential treatment Dish Network allegedly received in a spectrum auction wants to weigh in on the separate legal challenge to Sprint and T-Mobile's megamerger, telling a D.C. federal judge that the outcome of the auction case will have bearing on the merger litigation.

  • January 24, 2020

    UK Investigation Delays Takeaway.com's $8B Just Eat Deal

    Takeaway.com said Friday that unexpected scrutiny from the U.K.'s competition enforcer will delay its planned £6.2 billion ($8.1 billion) takeover of food delivery service Just Eat by a week.

  • January 24, 2020

    Taxation With Representation: Kirkland, Winston, Gibson, Bär

    In this week's Taxation With Representation, a private equity group snaps up financial adviser Duff & Phelps for $4.2 billion, Denmark's Danfoss buys a $3.3 billion hydraulics business, and Deutsche Börse Group makes a $400 million acquisition in fund distribution.

  • January 24, 2020

    FTC Says Lawsuit Can't Halt Body Cam Merger Review

    The Federal Trade Commission said stopping its in-house merger challenge to the combination of two body camera companies would be bad for buyers of that technology, pushing back on the companies' efforts to pause the agency's review while a related legal challenge plays out.

  • January 24, 2020

    Molson Coors Tries To Slip Investor Suit Over Tax Reporting

    Molson Coors Beverage Co. urged a Colorado federal court on Thursday to let it out of a suit accusing the beer company of underreporting its taxes, arguing the investors failed to show that it intentionally or recklessly misrepresented its financial situation.

  • January 24, 2020

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen two luxury car lenders drive a contract dispute into court, the liquidators of a Saudi billionaire's offshore holding company set its sights on a hedge fund, and a financial services company target the families behind a maritime engineering business. 

  • January 24, 2020

    Cincinnati Bell Mulls Competing Bid To $2.6B Brookfield Sale

    Cincinnati Bell said Friday it has received a competing takeover offer prior to its planned $2.6 billion sale to Brookfield Infrastructure Partners.

  • January 24, 2020

    Don’t Miss It: Shearman, Wachtell Lead Week’s Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Shearman & Sterling and Wachtell. Here, Law360 recaps the ones you might have missed.

  • January 24, 2020

    4 Firms Shape Wex's $1.7B Play For Pair Of Payments Cos.

    Payments and technology company Wex has agreed to buy privately held peers eNett and Optal for a total of roughly $1.7 billion, the companies said Friday, in an agreement shaped by Clifford Chance, WilmerHale, Wachtell Lipton and Herbert Smith.

  • January 23, 2020

    Sheppard Mullin Nabs Wind, Solar Energy Whiz In LA

    Sheppard Mullin Richter & Hampton LLP has landed a renewable energy deals expert from Crowell & Moring LLP, bringing on a partner who has spent decades bringing some of the country's largest wind and solar energy projects to fruition.

  • January 23, 2020

    Gov't Scrutiny On Tap For Anheuser's $321M Craft Brew Deal

    Anheuser-Busch and a craft beer company it plans to acquire have refiled merger paperwork with the Federal Trade Commission, a procedural move that extends the government’s merger review period and signals that the companies may want the extra time to convince antitrust enforcers there's no need for a longer, in-depth merger review.

  • January 23, 2020

    Baker McKenzie Adds Skadden Benefits Pro On West Coast

    Baker McKenzie has expanded its presence in Silicon Valley with the addition of a former Skadden attorney experienced in navigating employee benefits and compensation issues that arise during corporate transactions.

  • January 23, 2020

    Goldman Sachs Demands Diverse Boards For IPOs

    Goldman Sachs' chief executive revealed Thursday the investment bank will no longer take a company public in the U.S. or Europe if its board is composed entirely of white men, noting that board diversity is tied to better returns.

  • January 23, 2020

    Auto Parts Makers Get EU, DOJ Nod For $7B Merger

    German auto parts maker ZF was cleared on both sides of the Atlantic on Thursday to buy American rival Wabco, with unconditional clearance from European antitrust authorities and a conditional approval from the U.S. Department of Justice predicated on the divestiture of Wabco's steering parts business in North America.

  • January 23, 2020

    Deals Rumor Mill: Univision, Eurazeo, Tegna

    Suitors are lining up to bid on Spanish-language media company Univision, which has a market value of $12.4 billion, Eurazeo is readying a sale of its €2 billion payments business, and multiple Tegna investors want the U.S. broadcasting company to pursue a merger or sale. Here, Law360 breaks down these and other deals rumors from the past week that you need to be aware of.

  • January 23, 2020

    Bumble Bee Foods Cleared For $926M Ch. 11 Sale To FCF Co.

    Bumble Bee Foods LLC won a Delaware bankruptcy judge's conditional go-ahead to sell its business to Taiwan-based global tuna trader FCF Co. Ltd. on Thursday, in a $925.6 million deal driven largely by rising burdens from antitrust sanctions and consumer lawsuits.

  • January 23, 2020

    Synthorx Investor Seeks To Probe $2.5B Sanofi Deal Proposal

    An investor in biotechnology venture Synthorx Inc. sued for access to company board records in Delaware’s Chancery Court late Wednesday, citing a need to investigate an alleged missed sale opportunity and insider behavior in connection with the company’s proposed $2.5 billion sale to Sanofi S.A.

  • January 23, 2020

    3 Firms Steer As Elanco Raises $1.3B For Animal Biz Buy

    Elanco Animal Health said Thursday it raised roughly $1.3 billion through a pair of public offerings to help fund its planned $7.6 billion acquisition of Bayer's animal health business, with the offerings steered by Paul Weiss, Barnes & Thornburg and Ropes & Gray.

  • January 23, 2020

    Paul Hastings, Kirkland Lead Moody's $700M Deal For RDC

    Moody’s Corp. said Thursday it plans to buy Regulatory DataCorp., which provides risk and compliance intelligence, data and software, from Vista Equity Partners for $700 million, in a deal led by Paul Hastings and Kirkland. 

  • January 23, 2020

    Xerox Preps Slate Of 11 HP Nominees In $33B Takeover Push

    Xerox said Thursday it plans to nominate a slate of 11 independent directors to HP’s board, as the print and digital products company looks to advance its spurned $33 billion cash-and-stock buyout offer for HP. 

  • January 22, 2020

    Sempra Wins Chancery Fight For Hunt Share Of Texas Utility

    A corporate offspring of bankrupt and sold-off Energy Future Holdings Corp. secured a right to buy an additional stake of a company holding 20% of Texas' largest electric utility Wednesday, after the Chancery Court waded through an "eye-watering" tangle of corporate contracts.

  • January 22, 2020

    Par Petroleum Wants Storage Cap Undone After Rival Closes

    The Federal Trade Commission is seeking the public's input on Par Petroleum Corp.'s plan to change up its agreement for storing petroleum at a Hawaii terminal, for which it needs the agency's permission following a 2015 antitrust settlement.

  • January 22, 2020

    EQT Wants Out Of Stock-Drop Suit Over Rice Energy Merger

    EQT Corp. asked a Pennsylvania federal judge on Tuesday to toss a proposed class action over its merger with Rice Energy, saying the investors behind the suit are trying to "convert their disappointment" with the company's post-merger performance into securities fraud.

  • January 22, 2020

    WeWork Sells Off Noncore Businesses Teem And The Wing

    WeWork said Wednesday it sold off its meeting space software business Teem and its stake in women-focused networking group The Wing as the coworking giant looks to trim down its business following last year's high-profile stumbles.

Expert Analysis

  • ABA Rules For Departing Attys Set Unprecedented Limits

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    Groundbreaking rules from the American Bar Association impose new standards on how law firms can govern departing lawyers’ contact with clients, placing major restrictions on this ubiquitous practice, say Amy Richardson and Hilary Gerzhoy at Harris Wiltshire.

  • FTC-DOJ Vertical Merger Guide Aims To Boost Transparency

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    New draft guidelines from the U.S. Department of Justice and Federal Trade Commission clarify how the agencies will approach vertical merger inquiries and signal that parties will be held accountable for proving pro-competitive benefits, say former FTC acting commissioner Maureen Ohlhausen and Christine Ryu-Naya of Baker Botts.

  • The Rise Of The No-Indemnity M&A Deal

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    The increasing use of a private M&A transaction structure that allows sellers to exit without indemnity obligations makes it crucial for buyers to focus on representation and warranties insurance policy terms as their only means of recourse, say Ann Dorsett and Gregory Hawver at McGuireWoods.

  • Nissan Ex-CEO Illustrates Do's And Don'ts Of Image Repair

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    Lawyers can draw a number of useful lessons about reputation management from the efforts of former Nissan executive Carlos Ghosn — who recently escaped house arrest in Tokyo — to restore his sullied reputation, says Elizabeth Ortega at ECO Strategic Communications.

  • 3 Concerns If Your Witness Becomes Flippant At Deposition

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    In light of a recent Delaware Supreme Court case in which a litigator was rebuked for failing to control his evasive witness during a deposition, attorneys should consider when they may be held responsible for client misconduct and what to do if a client crosses the line, says Philip Sechler of Robbins Russell.

  • Estimating Antitrust Impact, Damages Via Natural Experiments

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    Several federal courts have recently accepted the difference-in-differences methodology to estimate antitrust impact and damages via natural experiments, demonstrating the method's validity, says James Nieberding of North Coast Economics.

  • Key Trends In Energy Antitrust Enforcement And Litigation

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    Antitrust agencies and private litigants continued to focus on the energy industry in 2019, and new antitrust policy initiatives announced by the U.S. Department of Justice last year will offer energy companies opportunities to avoid prosecution in certain cases, say attorneys at Vinson & Elkins.

  • NY State Flexes Muscles With Energy Service Co. Restrictions

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    The New York State Public Service Commission's new regulations for energy service companies — imposing enhanced eligibility criteria, price caps, and limitations on products and services — raise concerns about how the commission might impose similar restrictions in the broader distributed energy resource markets, say Thomas Puchner and Kevin Blake of Phillips Lytle.

  • How Associate Life Has Evolved Over The Past Decade

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    During the last 10 years, the need to embrace change was fundamental for law firms, and that change affected associates in many ways — most, but not all, for the better, says Brad Kaufman, co-president of Greenberg Traurig.

  • Tribune Ruling Charts Course For Bankruptcy Safe Harbor

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    In upholding the dismissal of fraudulent conveyance claims against former shareholders of the bankrupt Tribune Company, the Second Circuit may have laid out a path for parties looking to stay within a crucial Bankruptcy Code safe harbor provision, say attorneys at Cadwalader.

  • What's Changed And What's The Same In Final CFIUS Rules

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    The U.S. Department of the Treasury’s final rules implementing the Foreign Investment Risk Review Modernization Act complete the revamp of the Committee on Foreign Investment in the United States, which will be more complex and better resourced to address evolving national security risks that arise in the context of foreign investments, say attorneys at Akin Gump.

  • 8 Executive Pay Considerations For An Economic Downturn

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    Amid forecasts of economic volatility, employers should address executive compensation and performance awards progressively and with quick adjustments when disruption hits, say Mark Poerio and Dan Brandenburg at The Wagner Law Group.

  • Series

    Judging A Book: Dyk Reviews 'Democracy And Equality'

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    In their new book "Democracy and Equality: The Enduring Constitutional Vision of the Warren Court," Geoffrey Stone and David Strauss provide valuable context for U.S. Supreme Court decisions under Chief Justice Earl Warren that have profoundly affected the country, but their overly protective attitude sometimes obscures reality, says Federal Circuit Judge Timothy Dyk.

  • SEC's Audit Proposal May Bolster Compliance, Competition

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    A newly proposed rule from the U.S. Securities and Exchange Commission on public companies' relationships with their auditors could make the current auditor independence framework easier to comply with, and mitigate competition pressure from issues that should not reasonably threaten an auditor’s objectivity, say Charles Smith and Andrew Fuchs at Skadden.

  • The Biggest Changes In China's Draft Anti-Monopoly Law

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    China's State Administration for Market Regulation recently published for public comment a draft for the revised Anti-Monopoly Law, which, if adopted, brings with it procedural and substantive changes that will likely have a significant impact on companies operating or investing in China, say Wei Huang and Fan Zhu of Tian Yuan.